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The Government of India, through Ministry of Corporate Affairs, took management control of IL&FS Group and appointed a new Board in October 2018 in an effort to control defaults and restore confidence and financial stability in Capital Markets.


IL&FS Transportation Networks Limited (“IL&FS Transportation”) was formed in the year 2000 as a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), which has been a major player in India in Infrastructure development and financing for the last 22 years. Transportation Infrastructure development was initially taken up in IL&FS and thereafter the transportation vertical IL&FS Transportation was formed wherein the projects undertaken and implemented by IL&FS were domiciled.